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| June 29, 2002 | Saturday | Rabi-us-Sani 17, 1423 |
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Balochistan demands monitoring body: Oil, gas cos income
QUETTA, June 28: Balochistan has demanded of the federal government to set up a broad-based body in Islamabad to monitor the production, distribution, tariff and income of the oil and gas... 
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WorldCom scandal unlikely to rock PTCL
KARACHI, June 28: As the US administration and regulators grapple with WorldCom’s financial fraud of 3.8 billion dollars — far bigger in money terms than Enron’s — analysts here are feverishly...
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Rs13.673bn set aside for development plan: NWFP budget
PESHAWAR, June 28: The NWFP Finance Minister, Farid Rehman, on Friday announced a provincial Annual Development Programme of Rs13.673 billion for the financial year 2002-2003, showing an increase of 44 per...
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Duty hike to hit BMR in textile sector
KARACHI, June 28: The increase in import duty on textile plant and machinery for spinning, weaving and finishing industry in the 2002-2003 budget by five per cent will adversely affect the...
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Revolving credit plan for farmers
KARACHI, June 28: Proposals are under deliberation to start ‘Revolving Credit Scheme’ for the agriculture sector enabling farmers to seek fresh loans after partial adjustment of the previous loan, said Dr....
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Foreign banks fail to keep FCY deposits within limit
KARACHI, June 28: A rapid growth in foreign currency deposits has posed a problem for leading foreign banks that are unable to keep such deposits at the prescribed limit of 20...
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Govt undecided about OGDCL : Privatization
ISLAMABAD, June 28: The government is still undecided about the mode of privatization of Oil and Gas Development Company Limited (OGDCL) as the petroleum ministry has reservations over certain security aspects...
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Export finance rate unchanged
KARACHI, June 28: The exporters will continue to get export finance from the banks at a maximum markup of 8 per cent in July 2002 as the State Bank of Pakistan...
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Stocks close year-end account on improved note
KARACHI, June 28: Stocks on Friday closed the year-end account on a relatively improved note but there were no signs of strong institutional or general short-covering on any of the counters...
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PSEB signs contracts with 22 software cos: ISO certification
ISLAMABAD, June 28: Pakistan Software Export Board (PSEB) has signed contracts with 22 local software companies to help them achieve ISO-9001 certification and selected eight software firms for consultancy....
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Trading remains dull on cotton market
KARACHI, June 28: Trading activity on the cotton market on Friday remained at a low ebb as spinners and mills remained busy with year-end stock-taking before resuming fresh covering operations....
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Karachi Port operations
KARACHI, June 28: Seven ships carrying containers and to load ethanol and molasses are due to arrive at the outer anchorage on Saturday, according to KPT sources....
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Xerox too falls prey to scandal
NEW YORK, June 28: The Xerox Corporation, the Stamford (Connecticut) based US office supply corporation joins Enron and the WorldCom in revealing on Thursday it would revise its revenue figures. It...
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NWFP debt at Rs74bn
PESHAWAR, June 28: The NWFP government’s total domestic and foreign debt, which would stand at Rs74bn by June 30, 2002, would soar well up to Rs84bn by the close of the...
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TCP accepts bids for 1,500 bales
KARACHI, June 28: The TCP has accepted two separate bids from two different parties for sale of 1,500 cotton bales....
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Trade team for Morocco
KARACHI, June 28: Commerce Minister Abdul Razak Dawood will be leading a business delegation to Morocco from July 2 to 6....
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